A group of Korean Americans was set to unveil a new monument in the United States this week to commemorate the sacrifices of US troops killed during the 1950-53 Korean War, the veterans affairs ministry said Thursday. The Korean War Memorial Monument Committee plans to hold a ceremony unveiling the structure, bearing the names of 36,591 fallen US troops, in Fullerton City, Orange County, California on Thursday (US time), the ministry said. The dedication event was timed to coincide with South

South Korean stocks opened lower Thursday, taking a cue from the estimate-beating inflation data in the United States that fanned concerns about faster than expected rate hikes. The benchmark Korea Composite Stock Price Index (Kospi) decreased 15.85 points, or 0.54 percent, to 2,914.32 in the first 15 minutes of trading. The key stock index retreated as US consumer prices grew at the fastest pace since 1990. Overnight, the tech-heavy Nasdaq composite plunged 1.66 percent, and the Dow Jones In

South Korea's exports grew 29.3 percent on-year in the first 10 days of November on the back of solid demand for chips and petroleum products, customs data showed Thursday. The country's outbound shipments stood at $18.3 billion in the Nov. 1-10 period, compared with $14.1 billion a year earlier, according to the data from the Korea Customs Service. Imports jumped 59 percent on-year to $21.2 billion, resulting in a trade deficit of $2.98 billion during the cited period, the data showed. By se

South Korea's economy remains on a recovery path driven by robust exports but faces an expanded "unknowable uncertainty" associated with global supply chain disruptions and concerns over inflation, the country's central bank chief said Thursday. Bank of Korea Gov. Lee Ju-yeol made the remarks in a meeting with economic experts from major think tanks, adding that next year will be an "important turning point" toward a "new balance" after a prolonged fight against th

South Korea's leading securities companies posted record earnings in the first nine months of this year on a stock market boom, industry sources said Thursday. The country's top 10 brokerage housed are estimated to have registered a combined net profit of around 7 trillion won ($5.9 billion) for the January-September period, with their full-year bottom line likely to exceed 10 trillion won. Their record net profit comes as the local stock market has been on a roll this year on the back of acti

WASHINGTON -- South Korea and the United States will launch new bilateral talks next month on enhancing their cooperation on the semiconductor supply chain, Industry Minister Moon Sung-wook said Wednesday. The inaugural meeting will be held Dec. 8, involving director-level officials from the two countries, as well as officials and representatives from businesses and other related organizations. Moon said he and his US counterpart, Gina Raimondo, have also agreed to consider upgrading the count

The South Korean phenomenon "Squid Game" has outnumbered the longtime TV powerhouse "Game of Thrones" in terms of combined YouTube views of its derivative video content, a US media outlet has reported. A total of 129,000 videos of the survival drama, including official trailers, fan-made reaction clips and video games, have earned a total of 17 billion views on the platform since the show's release on Sept. 17, Variety said Wednesday (US time), citing a report by content ana

South Korea will cut tariffs and place emergency controls on the production and provision of urea solution, Prime Minister Kim Boo-kyum said Thursday, to ease the ongoing supply crunch of the material used to reduce emissions in diesel vehicles. Kim unveiled the plans during an extraordinary Cabinet meeting called to discuss measures to address urea shortages. During the meeting, the Cabinet was set to approve a government notice that allows authorities to control production, shipments and sale

WASHINGTON -- The United States and South Korea have yet to make any decision on the timing of wartime operational control (OPCON) transfer to Seoul, US Department of Defense Press Secretary John Kirby said Wednesday. The press secretary also said the countries continue to make progress toward the proposed OPCON transition, but that they still have more work to do. "The other thing important to remember is that the OPCON transition is going to be conditions-based in accordance with bilate

As the automobile industry evolves toward an electric future, incentives will be a big driver of the transition -- not just potential tax credits to accelerate demand, but investor behavior that helps shift automakers’ priorities. Manufacturers are going to try to ramp up spending on future electric models while maintaining profit at a level acceptable to their shareholders. That will inevitably lead to fewer dollars spent on their gasoline-powered models, and eventually product stagnati

I finished “Squid Game” in one sitting. The binge-watch was borne out of necessity. Anxious to see why the Korean series was soaring to No. 1 on Netflix’s global list, my overloaded schedule was unrelenting. But then an eight-hour gap cobbled into place. Honestly, I got trapped, willingly. Past the noisy opening scenes of betting on horse racing, it was easy to remain glued to all nine episodes. Thus, I joined the estimated 142 million households worldwide who watched &ldquo

The Naver webtoon series “Yumi’s Cells” may be the perfect example of versatile multimedia content, with plans for it to be adapted as an animation and a musical. The animation version of the webtoon for cinematic release will be co-produced by a Naver subsidiary, Studio N, and by local animation production company Locus, which created the 2019 hit “Red Shoes and the Seven Dwarfs. The company is aiming to release the animation in cinemas in the first half of 2023, acco